Price Reduced 14.40%

$2,995,000 ($706.20 per sqft)

Est. Mortgage $14,173/mo *

Quick Pre-Approval

Listing courtesy of Joe Leddy, Duston Leddy Real Estate Cell: 603-494-6864


Price History

$3,499,000
8/28/2024

$2,995,000
9/11/2024


423 Court Street, Portsmouth, NH, 03801

423 Court Street, Portsmouth, NH, 03801

15 rooms

6 beds

1814

Antique, Apartment Building

4,241 sqft

Being sold with 19 Atkinson (mls 5011661). Take this opportunity to invest in 2 multifamily buildings in one of Portsmouth’s best locations. These strategically positioned properties offer compelling investment prospects, with strong rental histories and potential for growth. *Atkinson Street Building*: This well-maintained property features three one-bedroom units, each with a solid rental track record, offering immediate income potential. *Court Street Building*: This property includes 6 units, with two currently vacant, presenting a prime opportunity for value enhancement. A coin-operated laundry serves both buildings, adding convenience and value for tenants. Both buildings share four parking spots, currently assigned to existing tenants based on seniority, with future flexibility for reallocation. Investing in Portsmouth means capitalizing on a thriving real estate market that combines immediate rental income with significant potential for future appreciation. The city's strong rental demand, driven by its appealing lifestyle and prime location, ensures that these properties are well-positioned for continued success. Enhancing the vacant units and adjusting rental rates offers an opportunity to maximize returns and further capitalize on Portsmouth’s growth. Don’t miss out on this prime investment opportunity in Portsmouth’s dynamic real estate market. Schedule a showing and discover how these multifamily buildings can become valuable assets in your investment portfolio.


Status:

Active

Type:

Multi-family

Units:

6

Zoning:

CD4-L1

Heating:

Hot Water

Cooling:

None

Basement:

Unfinished

Parking:

Driveway, Parking Spaces 4

Acreage:

0.07

Est. Taxes:

$13,846

Lot Description:

City Lot

Elementary School:

Little Harbor School

Middle School:

Portsmouth Middle School

High School:

Portsmouth High School

School District:

Portsmouth

MLS #:

5011667


Community Info

School Info

Walk Score

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